Global Market Study on Polyisoprene Latex - Tracing the Resilience and Purity in a Natural Rubber Alternative


Polyisoprene Latex  Market
  • Published On : Aug-2019 |
  • Pages : 290 Pages |
  • Format : Polyisoprene Latex  Market Polyisoprene Latex  Market Polyisoprene Latex  Market Polyisoprene Latex  Market

Process innovations and newer conversion technologies in line with significant challenges of precursor materials continue to drive the transition to new raw materials, and rubber industry is not new to this revolution. Over the years, advances in industrial chemistry and polymer science have unlocked the potential to discard impurities associated with natural rubber, without losing the inherent properties. When the progress of modern civilization was still dependent on the volatility of global natural rubber supply, nothing became as ubiquitous and indispensable as synthetic rubber.

Polyisoprene latex – a synthetic equivalent to natural rubber – was first introduced in 1950s and has garnered significant traction for application in thin-walled products such as surgical gloves and condoms. While the polyisoprene latex was designed to be similar with natural rubber latex (NRL) in terms of strength, elasticity, and softness, the former delivers unmatched purity and consistency, making it suitable for manufacturing high quality dipped goods.

polyisoprene latex market

Prepared from the polymer via a post-emulsification process, polyisoprene latex is stabilized with surfactant and does not contain natural latex proteins, thereby preventing the risk of Type I allergic reactions for those individuals who have been sensitized to natural latex proteins. Recent advances in manufacturing capacities, concerns about the stability of price of natural rubber, and the mandate to move away from natural rubber in particular applications have prompted increasing demand and usage of polyisoprene latex.

According to the latest research from Persistence Market Research (PMR), the polyisoprene latex market will grow 7.6% year-over-year to reach ~US$ 105 million in 2019, up from ~US$ 98 million in 2018.

Consumption for Medical Use on an Upward Swing

In recent years, the rapid pace of urbanization, the widespread of advanced technologies, and constant revolution of industries have been squarely influencing a wide range of products and raw materials, one of which includes rubber. Natural latex, which has been the material of choice in a number of end-use industries, is rapidly witnessing substitution with highly efficient and innovative material such as polyisoprene latex. Rising concerns about allergic reactions to proteins present in natural rubber have provoked the increased usage of polyisoprene latex in surgical glove and condom production, while manufacturers are exploring the capabilities of polyisoprene latex as an ingredient in food packaging adhesives.

Several regulatory bodies such as the FDA continue to impose stringent requirements for protection in surgical gloves, condoms and medical stoppers. Therefore, the result is likely to lead to increasing demand for polyisoprene latex, which offers a better blend of purity, protection, and comfort, as compared to conventional materials.

According to the PMR study, the consumption of polyisoprene latex for medical use will account for more than half of the total sales in 2019. In the view of strong physical barrier and less susceptible to leaking, manufacturers are focusing on identifying and leveraging white spaces in the application of polyisoprene latex, which includes catheters, needle shields, tube connectors, IV bags, and cohesive bandages. Further, key market players are adopting new processing technologies to enhance the strength and protection of their products, and to add the benefits of reducing Type IV allergies.

Significant consumer trends will also continue to offer greater opportunities for polyisoprene latex market players. For instance, growing awareness programs for safe intercourse and prevention of transmission of STDs have been pushing the sales of condoms, thereby potentially increasing the demand for polyisoprene latex, especially for non-allergenic variants.

Tapping New Opportunities Arising from Industrial Demand

Although polyisoprene latex comes close to natural latex in its structure, its properties can be varied through modifications in the reaction process to exhibit enhanced properties such as ‘stress relaxation’. As a result, polyisoprene latex has carved out its position as an ideal raw material for manufacturing industrial gloves that are required to be worn for longer periods of time, in chemical laboratories, pharmaceutical, and medical device manufacturing environments.

A notable rise in building & construction activities lined with a massive wave of improving aesthetic appearance of residential as well as commercial buildings has added to the demand for polyisoprene latex as industrials adhesives and paint additives. The PMR study forecasts that industrial use of polyisoprene latex will increase ~7% y-o-y in 2019, in terms of volume sales, while growing application in consumer goods is likely to result in increased market share in the years ahead.

polyisoprene latex market

East Asia Maintains Lead in the Polyisoprene Latex Market

China has been the world’s largest producer, consumer, and importer of synthetic rubber, and remains in the vanguard of polyisoprene latex market. China’s rubber industry is facing an overcapacity of styrene butadiene rubber. However, the nation still needs to import millions of tons of special synthetic rubber such as polyisoprene latex, due to huge investment requirements and high technical barriers for R&D on these materials. According to the PMR study, East Asia will continue to lead the polyisoprene latex market, recording a y-o-y growth of ~7% in 2019 over 2018.

Considering the nature and application of the product, constant R&D initiatives and product differentiation remain the keys to stay competitive in the market. Manufacturers are thus continually investing in new technologies to offer pure and versatile options for manufacturing applications requiring relatively high tensile strength, tear resistance, and absence of impurities that would otherwise cause odor, discoloration, and allergic reactions.

While medical gloves and other disposable protective items used in the health care settings have become a crucial part of infection-control strategy, the healthcare industry has been witnessing a significant transformation in terms of surgical procedures and various treatment methods. With the emergence of surgical robots and automatic machines, the need of surgical gloves may become obsolete in years ahead, thereby representing a threat to the steady growth of polyisoprene latex. In addition, numerous health hazards involved in the manufacturing process of synthetic rubber along with mounting environmental concerns leading to stringency of regulations to adopt sustainable approaches remain key challenging factors for the manufacturers.

Read More

Polyisoprene Latex is a synthetic rubber produced by polymerization of isoprene monomer which is then emulsified in the surfactant solution. Polyisoprene Latex has similar properties as that of natural rubber. Major applications of Polyisoprene Latex are medical gloves, condoms, catheters, medical balloons and adhesives.  The production of synthetic polyisoprene latex involves polymerization of isoprene rubber via catalysis which is then added with soap based solution to achieve an emulsion form further undergoing phases of solvent removal and solid adjustment to derive the final form of polyisoprene latex of desired physical form, viscosity and related chemical properties.

Polyisoprene Latex is characterized by CAS Number: 9003-31-0 and is commercially sold by two grades: Industrial Grade and Medical Grade. Industrial Grade is employed in manufacturing of consumer products such as adhesives, condoms, rubber components used in DIY appliances, Industrial Gloves, auto interior parts and baby feed nipples; whereas Medical Grade is used in manufacture of Catheters, balloons, non-disposable gloves.

Enhancing product quality by implementing new technologies, new tough and long lasting materials with added features at a competitive price point for Polyisoprene Latex manufacturers

Demand for industry-specific industrial gloves industry verticals, including mining, food processing, chemical and military, automotive from with increased awareness related to workplace safety have been potentially benefited from customized industrial gloves offerings. Significant levels of investments in new product R&D is being carried out by the manufacturers of polyisoprene latex. For instance, the industrial gloves manufacturers are engaged continuous research and development activities in order to take advantage of the exceptional properties of diverse range of materials and polymers to enable superior protection from heat, abrasion, chemical corrosions and pathogenic infections if any. The introduction of materials such as Nitrile coating, Polyurethane, and Polyisoprene has immensely benefited the industrial gloves segment thus providing a lucrative opportunity for raw material suppliers leverage the promotion and sales of polyisoprene latex for the desired end use.

 Additionally, the growth in the number of consolidation and expansion activities has been witnessed in the isoprene rubber market over the past five years. This can primarily be attributed to the efforts being made by companies to meet the rising demand for polyisoprene rubber and gain access to high-growth markets as well as to strengthen their foothold in the overall region.

Synthetic Polyisoprene Latex based products to be preferred over Natural Rubber based products in the Medical Sector

Owing to increasing concern towards patient safety, large number of hospitals have been preferring the alternative materials for natural rubber such as polychloroprene and polyisoprene to ensure patient’s anti- allergy products for consumption as caused by products composed of natural rubber. Furthermore, the replacement of natural rubber based gloves with synthetic polyisoprene rubber based gloves has also added to the comfort and protection in the present scenario with additional features including narrower molecular weight, low impurity level and intrinsically no gel content thus being a preferred raw material in the medical sector.

Rising Awareness towards Usage of Condoms

Rising awareness towards usage of condoms in order to prevent unintended pregnancies and sexually transmitting disease among the general population in developing countries of Asia, Africa, Central and Latin America is considered to be one of the key driving factor of augmented demand of Polyisoprene Latex which being a precursor to manufacture of the end product is expected to uplift the market growth of Polyisoprene Latex in next decade.

Impact of Emerging Technologies & Automation in Medical Sector may hamper the usage rate of Polyisoprene Latex based consumables

The growing use of technology and automation in medical sector is estimated to be a key challenge faced by the manufacturers of rubber based protective equipment globally. The automatic machines and advanced surgical robots being efficient and accurate, are being used to handle the hazardous working conditions. With the advent of these technologies in recent years, the healthcare sector may be compelled to substitute the existing medical devices and consumables based on rubber by the automation based surgeries in order to achieve cost consciousness and efficient prop

R&D Activities in developing products of advanced technology and need for high efficiency products has been pursued by top tier manufacturers is Expected to Boost the Market

As the expectations of the end use industries as well as individual consumers are increasing, manufacturers are focusing on the adoption of new technologies, in order to increase the productivity and efficiency, to deliver a quality product which can perform above the expectations and able to gain the high customer satisfaction. This has led to the development of new manufacturing technologies and materials.

In the recent past, the market for medical gloves has witnessed the introduction of several advance technology innovative products that can stand on the industrial expectation. These innovative and advance medical gloves are anticipated to propel the growth of the polyisoprene latex market over the forecast period.

As the presence of natural rubber is predominant in the APAC region, which also makes this market attractive for rubber manufacturers in this region.  Rapid growth of the market and increasing research and development activities in emerging economies in South East Asia such as Thailand, Indonesia, Malaysia, and others makes medical glove, a prominent product among personal protection equipment.  is expected to boost the Polyisoprene Latex market. Furthermore, the high consumption or demand from developed regions such as Europe is expected to propel the market over the forecast period.

Key Players in the Global Polyisoprene Latex Market

The report on the Polyisoprene Latex market considers some of the key players in the global Polyisoprene Latex market across the world, such as

  • Kraton Corporation
  • JSR Corporation
  • Linshi Chemicals
  • Bangkok Synthetics Co., Ltd.
  • Kent Elastomer
  • The Goodyear Tire & Rubber Company
  • SIBUR
  • Royal Dutch Shell PLC
  • Medline Industries, Inc.
  • Ansell Limited, among others.

Polyisoprene Latex Market – In-depth Analysis and Opportunity Assessment

Persistence Market Research, in its new publication, provides a future outlook for ‘Polyisoprene Latex Market’. It presents a plethora of information on the key market dynamic including drivers, restraints, trends, and challenges prevailing in the polyisoprene latex market that can help identify lucrative opportunities for the market players. PMR’s study outlines the growth trails of the polyisoprene latex market for the period, 2019-2029, along with forecast statistics in terms of value (US$ million) and volume (tons).

Key indicators of the polyisoprene latex market including value and supply chain analysis, pricing analysis, historical value and volume analysis, and Y-o-Y growth trend analysis have been elucidated in the report. This exclusive data provided in the report can helps readers interpret quantitative growth prospects of the polyisoprene latex market during the predefined timeframe.

In addition to a detailed taxonomy of the polyisoprene latex market, PMR’s study offers an incisive outlook on the competitive landscape. The report highlights the profiles of various incumbent companies and new entrants in the polyisoprene latex market, wherein, both organic and inorganic business strategies of these market players have been mentioned.

Polyisoprene Latex Market – Segmentation

PMR’s study on polyisoprene latex market includes key insights categorized into three broader segments – application, end use, and region. Evolving industry trends and other important dynamics relative to these segments have been discussed in detail. The report includes market revenue comparison analysis and market attractiveness analysis to evaluate the impact of each segment on the overall growth of the polyisoprene latex market.

Application

End Use

Region

Medical Gloves

Medical

North America

Condoms

Consumer Goods

Latin America

Medical Balloons

Industrial

Europe

Catheters

Middle East and Africa (MEA)

Adhesives

East Asia

South Asia

Oceania

Key Questions Answered in PMR’s Polyisoprene Latex Market Study

PMR’s study offers both qualitative and quantitative breakdown of the polyisoprene latex market. In-depth insights provided in the polyisoprene latex market report address several questions to help readers gain a deeper understanding of the market. Some of the key questions include:

  • What is the scope of growth of polyisoprene latex market in the medical glove production?
  • What are the key sustainability strategies adopted by the companies operating in polyisoprene latex market?
  • What is the buying behavior of consumers in different geographical divisions?
  • Which segment will seek incremental growth prospects in the next decade?
  • What are the development risks and competitive threats faced by the polyisoprene latex market?
  • What is the impact of changing technological and consumer trends on the growth of the polyisoprene latex market?

Research Methodology

A holistic approach and two-step research methodology have been adopted by PMR’s analysts to conduct through research on various aspects and nuances of polyisoprene latex market, and to arrive at conclusions on its future growth prospects. A combination of primary and secondary resources has helped analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary resources referred by the analysts include a wide range of research papers, white papers, industry association publications, annual reports, and presentations of manufacturing companies. To verify the information gathered through secondary resources, analysts conducted interviews and discussions with CEOs, VPs, product managers, and marketing managers, along with key investors and distributors of companies in the supply chain of polyisoprene latex market.

Comprehensive information obtained from both the resources have contributed to the development of polyisoprene latex market report, that can help equip the stakeholders with essential facts and figures to take critical decisions with confidence and clarity.

Companies covered in Polyisoprene Latex Market Report

Company Profiles:

  • Ansell Limited
  • JSR Corporation
  • Kraton Corporation
  • Kent Elastomers
  • Linchi Chem
  • Dipped Products Plc
  • Top Glove Corporation Bhd
  • Rubberex Corporation (M) Bhd.
  • Johnson Wilshire Inc.
  • Protective Industrial Products, Inc.
  • Smart Glove Corporation Sdn. Bhd.
  • Southern Glove, Inc.
  • 3M Company
  • Hartalega Holdings Berhad
  • SEMPERIT AG HOLDING
  • Riverstone Holdings Limited
  • Supermax Corp. Bhd
  • Honeywell International, Inc.
  • Globus (Shetland) Ltd.
  • Bangkok Synthetics Co., Ltd. (BST)
  • Goodyear Tire & Rubber Company
  • Sibur
  • China Petroleum & Chemical Corporation (Sinopec)
  • Uvex Winter Holding GmbH & Co. KG
  • Medline
  • ZEON
  • Kossan Rubber Industries Bhd
Back To Top